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#1
11-23-2006, 06:27 AM
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Math
Teacher passed out a take home quiz, I have answered all but these four bonus questions. Knowing me I don't like leaving any questions blank lol (OCD maybe?)
#1. You want to purchase an automobile priced at $26,500. The dealer offers you 0% financing for 60 months or a $5,000 rebate. You can obtain 5.9% financing for 60 months through your bank. Which option is a better deal? Explain. #2. How many months will it take until an account will have $5,000 if $2,500 is invested now at 5% compounded monthly? #3. If you pay $6,000 for a simple interest note that will be worth $10,000 in 21 months, what annual simple interest rate will you earn? (compute the answer to one decimal place.) #4. An ordinary annuity has a value of $1,333.85 at the end of 4 years when $150 is deposited every 6 months into an account earning 6% compounded semiannually. How much interest has been earned?  opcorn:
__________________
-Matt  NISMO 1992 240sx SE Fastback 5speed  
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#2
11-23-2006, 07:43 AM
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Re: Math
#1 rebate, end up paying $24,897
#2 i need the compound interest formula! #3 brown #4 http://www.trademe.co.nz/Trade-Me-Mo...n-71553939.htm
__________________
 S13 Silvia Q's - R.I.P. R32 GTST Type M Sedan - Sold R32 GTST Type M Coupe - Sold S14 Silvia K's - daily R32 GTS4 - BETTER BE READY!!!
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#3
11-23-2006, 08:44 AM
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Re: Math
haha! fukn sam
its alright already answered them 
__________________
-Matt NISMO 1992 240sx SE Fastback 5speed
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